Pendragon PLC Completion of Sale of Mission Viejo, California (2746E)
03 July 2019 - 4:00PM
UK Regulatory
TIDMPDG
RNS Number : 2746E
Pendragon PLC
03 July 2019
Pendragon PLC
("Pendragon" or the "Company")
Completion of Sale of Mission Viejo, California
Further to the announcement on 2 May 2019 concerning the
disposal of certain dealerships from the US Motor Group, Pendragon
is pleased to announce the sale of its Jaguar Land Rover motor
vehicle dealership in Mission Viejo, California. The transaction
completed on 1 July 2019 following the fulfilment of all closing
conditions with the total proceeds for the Company valued at
GBP28.2m.
The transaction is in line with the Company's stated strategy of
disposing of its US Motor Group and work on the remaining disposals
continues.
Enquiries
Howard Lee Headland 0203 805 4822
--------------- ---------- --------------
Henry Wallers Headland 0203 805 4822
--------------- ---------- --------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DISRTMRTMBJMBBL
(END) Dow Jones Newswires
July 03, 2019 02:00 ET (06:00 GMT)
Pendragon (LSE:PDG)
Historical Stock Chart
From Apr 2024 to May 2024
Pendragon (LSE:PDG)
Historical Stock Chart
From May 2023 to May 2024